Ford to Grab More Investor Interest

Opportunity Seen Shifting
As GM Is Set to Close Sale
Of Majority GMAC Stake

By

Simona Covel

Updated Nov. 30, 2006 12:01 a.m. ET

Today's expected close of General Motors Corp.'s sale of a majority stake in General Motors Acceptance Corp. will mark more than just a partial severing of ties between the giant auto maker and its finance company.

When the long-anticipated deal is complete, it will also serve as another item on the growing checklist of differences between GM and rival Ford Motor Co. -- and the end of one of the corporate bond market's favored trades over the past year. As the sale closes and GM's turnaround proceeds, some longtime...